ADVERTISEMENT

Putin continues to close the gas tap on Austria.



Putin continues to close the gas tap on Austria.

 

Russian President Vladimir Putin is slamming the brakes on gas supplies to a number of European nations, including Austria.


Russia's Gazprom has also indicated that gas supply levels to Austria would be considerably decreased on Saturday-the third day in a row with lower delivery volumes. Despite the 49 percent decrease in deliveries, domestic storage facilities may be at capacity on Friday. As a result, the stored level is 40.67 percent.




Currently, the monthly usage is a little over four terawatt-hours. The domestic industry accounts for around two-thirds of this at this time of year, while households contribute about 8.5 percent. The supply is still assured today, according to information from OMV and the competent body E-Control. In addition, OMV has said that if increased supply amounts are required, it will be able to do so on the spot market


"Russia is an untrustworthy partner."

Climate Protection Minister Leonore Gewessler stated that "it has become evident that Russia is no longer a trusted partner after the invasion of Ukraine." That is why the Austrian Gas Emergency Plan's early warning stage was released only a few weeks ago. Since then, the Ministry of Climate Protection, the competent authority E-Control, and the domestic gas infrastructure operator AGGM have been in daily contact with all market participants and overseas partners to keep an eye on supply amounts, and the amount of gas that is available, and price trends.



The so-called alert stage would be the next step in the gas emergency plan. It includes requests for the industry to preserve the gas and/or replace it with alternative energy sources, for example. "The development in memory building is the most important criteria." We hope to enter the winter with 80 percent of our storefronts occupied. Then we have everything we need. If this target is jeopardized, we will take action, "Minister of Climate Protection Gewessler made an announcement.


Developing natural gas reserves

The federal government has agreed to develop a strategic gas reserve of 12.6 terawatt-hours in order to guarantee the building of storage facilities for the forthcoming heating season. A gas diversification law was passed, which encourages the purchase of non-Russian gas, among other things. Furthermore, the federal government has made it possible for domestic industry to develop its own gas reserves.

Source

Tags

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT